Electricity | Egypt Oil & Gas - Part 18
Uganda’s Umeme to Expand Customer Base in 2016
Ugandan power distributor, Umeme, expects to expand its customer base from the current 790,000 customers to 1m in 2016, The East African reports. The company will invest between $80m and $120m over the next 12 months ...
Orascom Construction Strikes $420m Deal to Develop Power Plants
Orascom Construction announced signing agreements to convert Egypt’s Assiut and West Damietta power plants from simple to combined cycle, an endeavor that is worth $420m, reports Amwal Al Ghad. Both power plants...
Islamic State Attacks Libyan Electricity Plant
Islamic State has attacked one of Benghazi’s major electricity generation plants in a recent series of violent assaults on Libya’s energy industry, Military Commander, Fadhal al-Hassi told Reuters. The shelling...
Nigeria’s New Electricity Tariff to Begin February 1st
Nigeria’s Electricity Regulatory Committee (NERC) will begin the implementation of a new electricity tariff on February 1st, Vanguard reports. In a statement, the commission said that in implementing a “cost reflecti...
EEHC to Invest EGP 3.82b in Egypt’s Infrastructure
Egypt has allocated EGP 3.82b for the laying of distribution lines, building of transformers, and cables of medium and low voltage, plans that are expected to take effect this year, a source at the Egyptian Electricit...
KarmSolar Aiming to Join 1.5m Feddan Desert Reclamation Project
Egyptian solar energy company, KarmSolar has concluded a cooperation agreement with Plus Leasing to provide financing for private sector companies involved in the 1.5m feddan desert reclamation project, inaugurated in...
NBE Offers $894m Loan to Electricity Sector
A coalition of banks led by the National Bank of Egypt (NBE) is offering Egypt’s state-run Egyptian Electricity Transmission Company (EETC) financing worth EGP7b ($894m) to be repaid over 15 years, Amwal Al Ghad repor...
Egypt Lures Chinese Investment in Electricity, Transportation
An Egyptian-government committee has decided on a series of projects in electricity generation, construction, and transportation designated for bilateral cooperation with China, which will be offered to the Chinese de...
